Payroll and Compensation Management is one of the most important services an HR Professional can offer.
The stages involve the following:
-Attendance Management & Leave Management – Different types of leaves. Leave treatment, LOP, LWP etc.
-Salary components -Gross salary, Net salary, In hand salary, Taxable salary, CTC, Allowances LTA, DA , HRA, Reimbursements, Designing Salary break up as per offer letter. CTC preparation
-Salary Processing
-Handling Reimbursements, advances, loans etc.
-Statutory Registration, Returns, Audits, Reports, Registers, Compliance (PF, ESIC, Gratuity, LWF, Bonus etc.)
-Annual Leave Encashment Report according to Accounting Standard AS 11 (Revised)
-Income Tax Calculation, Tax declaration, Tax computation, Form 16, Part A and Part B, 26AS etc.
-Exit Calculation and retiral benefits
This will be one-hour interactive session. After this training session, you will be fully equipped to manage employees in any organization.